Following the latest round of EU restrictions against Russia, digital asset exchange Binance is limiting services to Russian clients. The company pledged to lead the industry in implementing the sanctions and urged all major trading platforms to follow. Crypto Exchange Binance Cuts Services to Russian Accounts in Accordance With EU Penalties Binance, the world’s leading
Across Latin America, a fragmented payments landscape has resulted in low interoperability, often leading to high fees for both senders and receivers of payments. Regulators in the region are working — with varying progress and approaches — to enable real-time payment options that foster greater interoperability, increase financial inclusion, generate revenue for banks and businesses
STEPN (GMT) has rallied strongly against the U.S. dollar this week as it looks likely to form a classical bullish technical pattern called the “bull flag.” GMT eyes more upside GMT’s price rose 30% week-to-date, including a strong rally to establish an all-time high near $3.85 followed by a relatively modest correction to nearly $3.
Bitcoin (BTC) price flashed bullish for a brief moment, possibly tricking some traders into opening longs, before plunging back below $40,000 in evening trading hours. Let’s take a quick look at what traders think about the current price action and whether or not today’s brief break out was nothing more than test of overhead resistance. Resistance
Proof-of-stake blockchain protocol Algorand will implement a smart contract that will automate the offsetting of the network’s carbon emissions. In a recent announcement, Algorand revealed that a new smart contract would take a portion of each transaction fee within its blockchain network and automatically process it to purchase verified carbon credits at ClimateTrade, a blockchain-based
During the recent Paris Blockchain Week Summit, Cointelegraph’s Joseph Hall sat down with Alex Mashinsky, CEO of Celsius Network, to talk about several topics, including where the Bitcoin and Ether markets are going. According to Mashinsky, Bitcoin (BTC) received very strong support at around $30,000 to $33,000. The entrepreneur believes that Terra’s recent BTC purchase played a significant
United States House of Representatives member Jared Huffman and 12 other lawmakers have requested the Environmental Protection Agency, or EPA, assess crypto mining firms potentially violating environmental statutes. In a letter addressed to EPA administrator Michael Regan on Wednesday, Huffman said he and other Democratic House members had “serious concerns” around crypto firms in the
Sanctions are being imposed on cryptocurrency mining companies for the first time in history. The US Treasury Department announced that it is taking action against virtual currency mining companies across Russia. This information came out when IMF issued a statement saying, “the Kremlin may employ these activities to avoid compliance with international economic punishment.” In
Stablecoin minting and nonfungible tokens (NFTs) have been the latest trending topics in the cryptocurrency market and protocols like Terra (LUNA) have led the discussion on why stablecoins should be backed by assets like Bitcoin and Avalanche (AVAX). One project that appears to be following Terra’s lead is Origin Protocol (OGN), a platform focused on
Sentiment in the cryptocurrency market is on the upswing after small gains from Bitcoin (BTC) and altcoins hint that the market could be in the process of a bullish breakout. A handful of altcoins are also finding momentum and a round of fresh partnership announcements appear to back the 40% gains seen in select assets
Elvira Nabiullina, governor of the Bank of Russia, has admitted that Russia’s central bank might have taken a bit too tough a stance on digital assets and should look to reconsider that. On Thursday, the Russian State Duma reappointed Nabiullina as Bank of Russia governor, marking the third time for her to take the post
The U.S. dollar currency index (DXY) turned down sharply after rising above 101 on April 20 but this weakness in the dollar has not helped Bitcoin (BTC), possibly because the S&P 500 is struggling to build upon its strong rally on April 19. This indicates that Bitcoin remains tightly correlated with the U.S. equity markets. Irrespective
Web3 has given rise to a number of innovative business models. In particular, decentralized autonomous organizations (DAOs) have started gaining traction as Web3 as the creator economy comes to fruition. Natalie Salemink, CEO and founder of Prismatic — a tooling and treasury management platform for DAOs — told Cointelegraph that DAOs are internet-native organizations that
In an attempt to deny Russia opportunities to evade sanctions through cryptocurrencies, the U.S. Department of the Treasury has sanctioned leading Russian mining firm Bitriver. The move comes amid concerns that Moscow may use the minting of digital coins to monetize its energy resources. Zug-Based Bitriver and Its Russian Subsidiaries Blacklisted by United States The
In life, there are times when things are going well in your business affairs but not your personal ones. Other times, the things you are doing and enjoying in your personal life are great but your professional or business matters are suffering. Sometimes, you also don’t realize or understand that the good times you are
Things are looking up for the United States’ largest institutional Bitcoin (BTC) product by asset holdings as pressure mounts on regulators. Data from on-chain monitoring resource Coinglass confirms that as of April 21, the Grayscale Bitcoin Trust (GBTC) is rebounding toward 2022 highs. Grayscale CEO: “‘If’ not ‘when'” for U.S. Bitcoin spot ETF After a
Traders’ struggle to build sustainable bullish momentum persisted across the cryptocurrency market on April 20 after prices slid lower during the afternoon trading session and ApeCoin (APE) appaers to be one of the few tokens that is defying the current market-wide downturn. Data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt by Bitcoin (BTC)
In a statement posted by Shiba Inu (SHIB) Metaverse developers late Tuesday, it appears that a user’s wallet address has been blacklisted for drawing a swastika using the project’s Metaverse land. The team at Shiba Inu wrote: “SHIB: The Metaverse will place the the wallet identifying the [hate symbol] violation on a blacklist, meaning it
Crypto investors from the United States realized crypto gains nearly six times higher in total than the UK, the second highest country in terms of realized gains. According to a report by Chainalysis, crypto investors in the US accrued a record $46.9 billion in realized gains throughout 2021, leading the rest of the world by
One of the largest banking institutions in Germany has confirmed it applied for a local crypto license earlier this year, marking the first time a major bank has made a move toward cryptocurrencies in the country. A spokesperson from Commerzbank confirmed to local media outlet Börsen-Zeitung on April 14 that it “applied for the crypto